Retail Showroom with Open
For Sale
Contact for pricing
123 W Princeton Dr, Princeton, TX 75407
Showroom space with a flexible open floorplan designed for owner occupancy and easy multiuse buildout.
Property Size6,784 SF
Price / SF$345.67
Days on Market95
Property Features for 123 W Princeton Dr
General Information
Standard status
Active
Size
6,784 SF
Class
C
Property subtype
Retail, Office
Zoning
C2
Lease Type
NNN
Net Operating Income
$145,408
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Compass Dallas
Listed By:
Chris DiGino · License #0564026
(940) 228-6221
Source:
Crexi
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Dallas
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Investment Insights
Based on property information with market context.
This retail showroom offering is presented as an open-floorplan space currently used as a showroom and available for owner occupancy. The layout is flexible, supporting straightforward modification for multiuse use within a retail environment.
The property includes 6,784 SF total, with 3,786 SF of offering space, and is supported by its frontage on HWY 380. The current configuration can be adapted to a range of neighborhood-serving concepts such as medical, professional, neighborhood services, and child-related activities.
Built in 2005, the property’s showroom configuration and open floor plan can support a variety of retail and service formats where flexible interior space is valuable.
The property includes 6,784 SF total, with 3,786 SF of offering space, and is supported by its frontage on HWY 380. The current configuration can be adapted to a range of neighborhood-serving concepts such as medical, professional, neighborhood services, and child-related activities.
Built in 2005, the property’s showroom configuration and open floor plan can support a variety of retail and service formats where flexible interior space is valuable.
Key Highlights
- 3,786 SF showroom space with flexible open floorplan
- 6,784 SF total property size
- Available for owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,158
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,183,160
$2.2M
Cap Rate 7%
$1,559,400
$1.6M
Cap Rate 9%
$1,212,867
$1.2M
Market Conditions
NOI Build-Up for 6,784 SF
Gross rent
$163.6K $24.12/SF
− Vacancy
−$7.7K −$1.13/SF
EGI
$155.9K $22.99/SF
− OpEx
−$46.8K −$6.90/SF
NOI
$109.2K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,183,160
Cap Rate 7%
$1,559,400
Cap Rate 9%
$1,212,867
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $109,158 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$6.74M
$5.90M – $7.86M
NOI $471,870 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 22%
Electronics 3%
Beauty & Spa 1%
McDonald's
Dining
24,699 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,361 visits/mo
0.2 miles
Jack in the Box
Dining
11,935 visits/mo
0.2 miles
Allsups
Shops & Services
10,012 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
9,801 visits/mo
0.5 miles
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Showroom space with a flexible open floorplan designed for owner occupancy and easy multiuse buildout.
Where is this retail space located?
The property is located at 123 W Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $2,345,000.
What are key features of this property?
This property features: 3,786 SF showroom space with flexible open floorplan; 6,784 SF total property size; Available for owner occupancy
